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Glasgow Live
Glasgow Live
Sport
Mark McDougall

Craig Whyte in Rangers blame game attempt as he insists he's not at fault for decade of problems

Craig Whyte insists he's not at fault for what happened to Rangers, but admits getting involved is the biggest regret of his life.

The former Rangers owner was in charge when they went into administration and admits he wishes he never got involved in what ended up being the most 'traumatic' event of his life.

Whyte was widely criticised for the means in which he funded the takeover of the Ibrox club when he used money borrowed from Ticketus.

But he insists that was one thing he didn't regret because it was a 'perfectly valid' way to take over the club and didn't leave the Premiership champions in any more trouble.

It's now 10 years since Whyte bought Rangers from Sir David Murray for £1 and although the club then went into administration less than a year after that, he still insists he did nothing wrong.

He told BBC Scotland: "I thought it was a good opportunity to make a profit. It's hard to believe it is 10 years but I remember when I was first asked to have a look at it.

"It seemed like a good idea at the time but clearly it turned out not to be. I don't believe I did anything wrong. I was not responsible for the build-up of tax debt that caused HMRC to pursue Rangers.

"I was the guy who was there when it went wrong but I wasn't the person who caused the problem.

“I don’t have regrets on the Ticketus deal, I think it was a perfectly valid way to fund a takeover of a business. Looking at it from a business point of view, it was a perfectly valid way to fund a takeover business. It didn’t put the business in any worse situation than it already was.

"I should have been more open with the fans and the media. I should have disclosed the funding method on day one - by not doing that I gave the media and the fans ammunition to throw at me.

"I think it's fair to say that the whole experience, from start to finish, from walking into Ibrox on that first day, to being acquitted at the High Court, was the most traumatic experience of my life, for sure."

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